FINANCIAL NEWS

Saudi’s Tech Consumer Goods registers drop of 10.5 percent

26 Mar 2016

(MENAFN) Saudi’s Technical Consumer Goods (TGG) market recorded a double-digit decline of 10.5 percent in Q4, with a turnover of USD 2.73bn.

Furthermore, the remainder of the sectors registered a decline; the photography (down by 50 percent) and Information tech by 24.7 percent.

In addition, the Small Domestic Appliances (SDA) sector logged income of USD 155.91mn with growth of 10.7 percent, compared to Q4 in 2014.

However, sales fell down again in the Consumer Elect Sector, reaching USD 0.30bn in Q4 of 2015, a 7.7 percent decrease compared to 2014.

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